Covenant Logistics Group (NYSE:CVLG) Issues Earnings Results

Posted by Brian Himes on Jul 29th, 2026

Covenant Logistics Group (NYSE:CVLG – Get Free Report) posted its earnings results on Wednesday. The company reported $0.42 earnings per share (EPS) for the quarter, Zacks reports. Covenant Logistics Group had a return on equity of 9.41% and a net margin of 0.42%.The company had revenue of $332.87 million for the quarter.

Covenant Logistics Group Price Performance

Covenant Logistics Group stock traded down $1.68 during trading hours on Wednesday, hitting $41.72. 205,404 shares of the company traded hands, compared to its average volume of 177,151. Covenant Logistics Group has a 1-year low of $18.00 and a 1-year high of $49.88. The firm has a market cap of $1.05 billion, a P/E ratio of 278.13 and a beta of 1.29. The firm’s 50-day simple moving average is $43.76 and its two-hundred day simple moving average is $33.97. The company has a quick ratio of 1.01, a current ratio of 1.04 and a debt-to-equity ratio of 0.50.

Insider Buying and Selling

In related news, Director Joey B. Hogan sold 12,800 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $39.18, for a total transaction of $501,504.00. Following the sale, the director owned 91,294 shares of the company’s stock, valued at $3,576,898.92. The trade was a 12.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joey Ballard sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $40.15, for a total value of $160,600.00. Following the sale, the executive vice president directly owned 13,149 shares in the company, valued at approximately $527,932.35. The trade was a 23.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 24,800 shares of company stock valued at $963,535. Company insiders own 36.70% of the company’s stock.

Hedge Funds Weigh In On Covenant Logistics Group

Several hedge funds have recently modified their holdings of the company. Man Group plc boosted its stake in Covenant Logistics Group by 3.5% during the fourth quarter. Man Group plc now owns 10,780 shares of the company’s stock valued at $238,000 after buying an additional 365 shares in the last quarter. Mangrove Partners IM LLC acquired a new stake in Covenant Logistics Group in the 4th quarter valued at about $225,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Covenant Logistics Group by 108.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,586 shares of the company’s stock valued at $213,000 after acquiring an additional 4,985 shares during the last quarter. Creative Planning boosted its position in shares of Covenant Logistics Group by 17.5% during the 3rd quarter. Creative Planning now owns 9,766 shares of the company’s stock valued at $212,000 after purchasing an additional 1,458 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in shares of Covenant Logistics Group during the 4th quarter valued at about $206,000. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on CVLG shares. National Bank Financial set a $60.00 price objective on shares of Covenant Logistics Group in a report on Wednesday, July 15th. Wall Street Zen upgraded shares of Covenant Logistics Group from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Weiss Ratings upgraded shares of Covenant Logistics Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 23rd. Citizens Jmp began coverage on Covenant Logistics Group in a report on Wednesday, July 15th. They set a “market outperform” rating and a $60.00 price target on the stock. Finally, Citigroup initiated coverage on Covenant Logistics Group in a research report on Wednesday, July 15th. They set an “outperform” rating for the company. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $53.75.

Check Out Our Latest Report on Covenant Logistics Group

Covenant Logistics Group Company Profile

(Get Free Report)

Covenant Logistics Group provides a comprehensive suite of transportation and logistics services across North America. The company’s core offerings include less‐than‐truckload (LTL) and full truckload hauling, temperature‐controlled freight, intermodal transportation and freight brokerage. Covenant also delivers specialized solutions such as expedited “hot‐shot” deliveries, cross‐border shipping to Canada and Mexico, and dedicated contract carriage for time‐sensitive or high‐value shipments.

With a network of service centers, terminals and partner carriers strategically located throughout the United States, Covenant supports diverse industries including food and beverage, automotive, retail, energy and manufacturing.